Common use of Pre-Funding Account Clause in Contracts

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National Association, in trust for the registered holders of Deutsche Alt-A Securities, Mortgage Loan Trust, Series 2006-AR2, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar2), Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar2), Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar2)

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Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National AssociationN.A., in trust for the registered holders of Deutsche Alt-A Securities, Securities Mortgage Loan Trust, Series 20062007-AR2, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ar2), Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ar2)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National Association, in trust for the registered holders of Deutsche Alt-A B Securities, Mortgage Loan Trust, Series 2006-AR2AF1, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Af1), Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National AssociationN. A., in trust for the registered holders of Deutsche Alt-A B Securities, Mortgage Loan Trust, Series 20062007-AR2AB1, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-Ab1), Pooling and Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-Ab1)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled “Pre-Funding Account, Xxxxx Fargo BankDeutsche Bank National Trust Company, National Association, in trust as Trustee for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2006-A Securities6, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 2006-AR2, Mortgage Pass-Through Certificates6” (the “Pre-Funding Account”). The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (NovaStar Certificates Financing CORP)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which shall at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Wxxxx Fargo Bank, National AssociationN.A., in trust for the registered holders of Deutsche Alt-A Securities, Mortgage ACE Securities Corp. Home Equity Loan Trust, Series 20062007-AR2ASAP2, Mortgage PassAsset-Backed Pass Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-Asap2)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled "Pre-Funding Account, Xxxxx Fargo JPMorgan Chase Bank, National Association, in trust as Trustee for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2003-A Securities2, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062003-AR2, Mortgage Pass-Through Certificates” 2" (the "Pre-Funding Account"). The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the DepositorCompany. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp Home Eq Ln as Bk Ce Se 03 2)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National AssociationN.A., in trust for the registered holders of Deutsche Alt-A Securities, Securities Mortgage Loan Trust, Series 2006-AR2OA1, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Oa1)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Wxxxx Fargo Bank, National Association, in trust for the registered holders of Deutsche Alt-A B Securities, Mortgage Loan Trust, Series 2006-AR2AB1, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-Ab1)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled "Pre-Funding Account, Xxxxx Fargo Bank, National Association[ ], in trust for the registered holders of Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2006-AR2[ ], Mortgage Pass-Through Certificates" (the "Pre-Funding Account"). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled "Pre-Funding Account, Xxxxx Fargo JPMorgan Chase Bank, National Association, in trust as Trustee for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2003-A Securities1, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062003-AR2, Mortgage Pass-Through Certificates” 1" (the "Pre-Funding Account"). The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the DepositorCompany. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Novastar Mortgage Funding Corp Home Eq Ln as Bk Ce Se 03 1)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled “Pre-Funding Account, Xxxxx Fargo JPMorgan Chase Bank, National Association, in trust as Trustee for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2004-A Securities3, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062004-AR2, Mortgage Pass-Through Certificates3” (the “Pre-Funding Account”). The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the DepositorCompany. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (NovaStar Mortgage Funding Trust, Series 2004-3)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled “Pre-Funding Account, Xxxxx Fargo JPMorgan Chase Bank, National Association, in trust as Trustee for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2004-A Securities1, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062004-AR2, Mortgage Pass-Through Certificates1” (the “Pre-Funding Account”). The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the DepositorCompany. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Novastar Mortgage Funding Trust Series 2004-1)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled "Pre-Funding Account, Xxxxx Fargo JPMorgan Chase Bank, National Association, in trust as Trustee for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2003-A Securities3, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062003-AR2, Mortgage Pass-Through Certificates” 3" (the "Pre-Funding Account"). The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the DepositorCompany. Funds deposited in the Pre-Pre- Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Novastar Home Equity Loan Asset Backed Cert Series 2003-3)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National Association, in trust for the registered holders of Deutsche Alt-A Securities, Mortgage Loan Trust, Series 2006-AR2AR3, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar3)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National AssociationN. A., in trust for the registered holders of Deutsche Alt-A B Securities, Mortgage Loan Trust, Series 2006-AR2AB4, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-Ab4)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which shall at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Wxxxx Fargo Bank, National AssociationN.A., in trust for the registered holders of Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 20062005-AR24, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-4)

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Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Wxxxx Fargo Bank, National AssociationN.A., in trust for the registered holders of Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 20062005-AR26, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-6)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National AssociationN.A., in trust for the registered holders of Deutsche Alt-A Securities, Securities Mortgage Loan Trust, Series 2006-AR2AR4, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar4)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Trust Administrator shall establish and maintain a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled "Pre-Funding Account, Xxxxx Fargo U.S. Bank National Association as Trust Administrator for Firstar Bank, National Association, in trust N.A. as Trustee for the registered holders of Deutsche AltNew Century Home Equity Loan Trust 1999-A SecuritiesNCD, Mortgage Loan TrustAsset-Backed Certificates, Series 20061999-AR2, Mortgage Pass-Through Certificates” NCD" (the "Pre-Funding Account"). The Securities Trust Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Pre- Funded Amount remitted on the Closing Date to the Trust Administrator by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trust Administrator for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (New Century Mort Sec Inc Home Equity Loan Trust Ser 1999 NCD)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National AssociationN. A., in trust for the registered holders of Deutsche Alt-A B Securities, Mortgage Loan Trust, Series 2006-AR2AB3, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-Ab3)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Certificate Administrator shall establish and maintain maintain, on behalf of the Trustee, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled "Pre-Funding Account, Xxxxx Fargo The First Union National Bank, National Association, in trust as Certificate Administrator for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2000-A Securities2, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062000-AR2, Mortgage Pass-Through Certificates” 2" (the "Pre-Funding Account"). The Securities Certificate Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Certificate Administrator by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Certificate Administrator, on behalf of the Trustee, for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Certificate Administrator shall establish and maintain maintain, on behalf of the Trustee, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled "Pre-Funding Account, Xxxxx Fargo The First Union National Bank, National Association, in trust as Certificate Administrator for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2000-A Securities1, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062000-AR2, Mortgage Pass-Through Certificates” 1" (the "Pre-Funding Account"). The Securities Certificate Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Certificate Administrator by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Certificate Administrator, on behalf of the Trustee, for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled “Pre-Funding Account, Xxxxx Fargo JPMorgan Chase Bank, National Association, in trust as Trustee for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2004-A Securities2, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062004-AR2, Mortgage Pass-Through Certificates2” (the “Pre-Funding Account”). The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the DepositorCompany. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Novastar Mortgage Funding Trust Series 2004-2)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National AssociationN.A., in trust for the registered holders of Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2006-AR22006-[__], Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator shall establish and maintain a trust account which at all times shall be an Eligible Account and shall be titled “Pre-Funding Account, Xxxxx Fargo Bank, National AssociationN.A., in trust for the registered holders of Deutsche Alt-A Securities, Securities Mortgage Loan Trust, Series 2006-AR2AR6, Mortgage Pass-Through Certificates” (the “Pre-Funding Account”). The Securities Administrator shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar6)

Pre-Funding Account. (a) No later than the Closing Date, the Securities Administrator Trustee, at the direction of the Servicer, shall establish and maintain maintain, a segregated trust account which at all times shall be that is an Eligible Account and Account, which shall be titled “Pre-Funding Account, Xxxxx Fargo BankDeutsche Bank National Trust Company, National Association, in trust as Trustee for the registered holders of Deutsche AltNovaStar Mortgage Funding Trust 2007-A Securities2, Mortgage Home Equity Loan TrustAsset-Backed Certificates, Series 20062007-AR2, Mortgage Pass-Through Certificates2” (the “Pre-Funding Account”). The Securities Administrator Trustee shall, promptly upon receipt, deposit in the Pre-Funding Account and retain therein the Original Pre-Funded Amount remitted on the Closing Date to the Trustee by the Depositor. Funds deposited in the Pre-Funding Account shall be held in trust by the Trustee for the Certificateholders for the uses and purposes set forth herein.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (NovaStar Certificates Financing CORP)

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